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CRUDEOIL

Crude oil trading range for the day is 7302-7854.

Crude oil dropped as pressure continued after U.S. President Joe Biden announced a release of 1 mbpd of crude oil for six months from May

OPEC+ sticks to modest oil output rises, ditches IEA data

OPEC states' compliance with OPEC+ output cut pledges increased to 151% in March, up from 136% in February

OPEC's March oil output increased by 90,000 BPD on month to 28.54 million BPD

BUY CRUDEOIL APR 2022 @ 8000 SL 7750 TGT 8260-8400.MCX

NATURAL GAS

Natural gas trading range for the day is 411.5-452.3.

Natural gas edged up as soaring global prices kept demand for U.S. liquefied natural gas (LNG) exports at record highs.

EIA said utilities injected 26 bcf of gas into storage during the week ended March 25 when mild weather kept heating demand low.

Russia suspends gas flows to Germany through the Yamal-Europe pipeline – Gascade

Data showed average gas output in the U.S. Lower 48 states rose to 93.7 bcfd in March from 92.8 bcfd in February

BUY NAT GAS APR 2022 @ 370.00 SL 355.00 TGT 385.00-390.00.MCX

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